21-May-2026
Markets and Finance
 
BHIM Payments App sees 300% growth in FY26 driven by cashbacks and user trust
21-May-2026

BHIM Payments App, developed by NPCI BHIM Services Ltd (NBSL), recorded a 300% growth in FY26, with monthly transaction volume on the app rising to 21.6 crore in March 2026 from 5.93 crore in April 2025. The app started offering cash backs from early last year which is considered to be one of the drivers behind the growth, which was albeit on a low base. “The strong growth in BHIM Payments App reflects the increasing trust that users across India are placing in a payments platform that is simple, secure and built for the masses," NBSL managing director Lalitha Nataraj.

News Source:- https://economictimes.indiatimes.com/industry/banking/finance/banking/bhim-payments-app-sees-300-growth-in-fy26-driven-by-cashbacks-and-user-trust/articleshow/131230549.cms
 
 
 

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